

News
Russia woos Tesla as several regions compete for the right to build a Gigafactory
Tesla may still be facing possible delays in Germany due to the wait for Gigafactory Berlin’s final approval, but the EV maker is already receiving a far more welcome landscape in Russia. This was hinted at by several Russian governors following Elon Musk’s recent comments.
The Tesla CEO recently spoke at Russia’s New Knowledge Forum, where he discussed the company’s plans to enter the country. Musk noted that Tesla’s entry into Russia was imminent, and he reportedly remarked that the EV maker is also considering the country as the potential site of an upcoming facility. These comments promptly inspired a series of responses from numerous Russian officials, several of whom were intent on persuading Musk to set up a factory in their respective states.
Vladislav Shapsha, the head of the Kaluga region, immediately posted an invitation to Tesla on his Telegram channel. In his message, Shapsha remarked that Kaluga is completely ready for such a project. “Elon Musk announced the appearance of Tesla production in Russia at the New Knowledge marathon. I propose to open the first plant in the Kaluga region. The region is fully prepared for this,” he wrote.
Shapsha’s invitation soon found company, with Andrei Vorobyov, the governor of the Moscow region, also issuing an open invitation for Tesla and Elon Musk. Posting on Twitter–the Tesla CEO’s preferred platform for social media–the Moscow governor noted that his region would be the best place for a Tesla factory. Vorobyov noted that his region is already experienced with carmaking, especially since Mercedes-Benz already has a facility there.
@elonmusk Moscow region is definitely best for a #Tesla factory. Best talent, perfect logistics, Mercedes production already here! We’ll find you a perfect spot. pic.twitter.com/ayCGyBGy4y
— Андрей Воробьев (@VorobievAndrey) May 21, 2021
Not to be outdone, Alexander Brechalov, the head of the Udmurt Republic, posted an invitation on Twitter just minutes after the Moscow governor’s message. In his post, Brechalov noted that Tesla would be receiving tax breaks if the company decides to set up shop in Udmurt instead. He also stated that Tesla would be welcome in Udmurt, the “most entrepreneurial region in Russia.
@elonmusk Илон Маск заявил о планах размещения производства тесла в России. Welcome to Udmurtia! Площадка для вас готова!
— Александр Бречалов (@brechalov) May 21, 2021
Yevgeny Kuyvashev, the governor of the Sverdlovsk Region, called the Titanium Valley, a special economic zone in the area, a preferable location for an electric vehicle factory. In a post on Instagram, the governor hinted that Tesla could reduce the cost of establishing a plant in the region by 30%. He also issued an invitation to Elon Musk to attend the Innoprom industrial exhibition in July.
View this post on Instagram
Other Russian officials who opted to not use social media also joined the fray, such as the authorities of the Kaliningrad region, who remarked that they are ready to host the production of Tesla’s electric cars. Dmitry Lyskov, the head of the press service of the regional government, noted that authorities are optimistic about the idea of Tesla setting up a facility in Kaliningrad. Lyskov further remarked that Tesla’s arrival in the region would likely result in more jobs for residents in the area.
The governor of the Oryol (Eagle) Region Andrei Klychkov also issued a statement for the Tesla CEO. Using a bit of symbolism, the Oryol governor noted that the Eagle is a symbol of “fearlessness and a conquest of the peaks,” making it a perfect match for Tesla’s bold and ambitious philosophy. Klychkov also promised that Tesla would receive some “unique and exclusive officers” in logistics and infrastructure if it does establish a facility in the region.
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Elon Musk
Tesla analysts believe Musk and Trump feud will pass
Tesla CEO Elon Musk and U.S. President Donald Trump’s feud shall pass, several bulls say.

Tesla analysts are breaking down the current feud between CEO Elon Musk and U.S. President Donald Trump, as the two continue to disagree on the “Big Beautiful Bill” and its impact on the country’s national debt.
Musk, who headed the Department of Government Efficiency (DOGE) under the Trump Administration, left his post in May. Soon thereafter, he and President Trump entered a very public and verbal disagreement, where things turned sour. They reconciled to an extent, and things seemed to be in the past.
However, the second disagreement between the two started on Monday, as Musk continued to push back on the “Big Beautiful Bill” that the Trump administration is attempting to sign into law. It would, by Musk’s estimation, increase spending and reverse the work DOGE did to trim the deficit.
Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame!
And they will lose their primary next year if it is the last thing I do on this Earth.
— Elon Musk (@elonmusk) June 30, 2025
President Trump has hinted that DOGE could be “the monster” that “eats Elon,” threatening to end the subsidies that SpaceX and Tesla receive. Musk has not been opposed to ending government subsidies for companies, including his own, as long as they are all abolished.
How Tesla could benefit from the ‘Big Beautiful Bill’ that axes EV subsidies
Despite this contentious back-and-forth between the two, analysts are sharing their opinions now, and a few of the more bullish Tesla observers are convinced that this feud will pass, Trump and Musk will resolve their differences as they have before, and things will return to normal.
ARK Invest’s Cathie Wood said this morning that the feud between Musk and Trump is another example of “this too shall pass:”
BREAKING: CATHIE WOOD SAYS — ELON AND TRUMP FEUD “WILL PASS” 👀 $TSLA
She remains bullish ! pic.twitter.com/w5rW2gfCkx
— TheSonOfWalkley (@TheSonOfWalkley) July 1, 2025
Additionally, Wedbush’s Dan Ives, in a note to investors this morning, said that the situation “will settle:”
“We believe this situation will settle and at the end of the day Musk needs Trump and Trump needs Musk given the AI Arms Race going on between the US and China. The jabs between Musk and Trump will continue as the Budget rolls through Congress but Tesla investors want Musk to focus on driving Tesla and stop this political angle…which has turned into a life of its own in a roller coaster ride since the November elections.”
Tesla shares are down about 5 percent at 3:10 p.m. on the East Coast.
Elon Musk
Tesla scrambles after Musk sidekick exit, CEO takes over sales
Tesla CEO Elon Musk is reportedly overseeing sales in North America and Europe, Bloomberg reports.

Tesla scrambled its executives around following the exit of CEO Elon Musk’s sidekick last week, Omead Afshar. Afshar was relieved of his duties as Head of Sales for both North America and Europe.
Bloomberg is reporting that Musk is now overseeing both regions for sales, according to sources familiar with the matter. Afshar left the company last week, likely due to slow sales in both markets, ending a seven-year term with the electric automaker.
Tesla’s Omead Afshar, known as Elon Musk’s right-hand man, leaves company: reports
Afshar was promoted to the role late last year as Musk was becoming more involved in the road to the White House with President Donald Trump.
Afshar, whose LinkedIn account stated he was working within the “Office of the CEO,” was known as Musk’s right-hand man for years.
Additionally, Tom Zhu, currently the Senior Vice President of Automotive at Tesla, will oversee sales in Asia, according to the report.
It is a scramble by Tesla to get the company’s proven executives over the pain points the automaker has found halfway through the year. Sales are looking to be close to the 1.8 million vehicles the company delivered in both of the past two years.
Tesla is pivoting to pay more attention to the struggling automotive sales that it has felt over the past six months. Although it is still performing well and is the best-selling EV maker by a long way, it is struggling to find growth despite redesigning its vehicles and launching new tech and improvements within them.
The company is also looking to focus more on its deployment of autonomous tech, especially as it recently launched its Robotaxi platform in Austin just over a week ago.
However, while this is the long-term catalyst for Tesla, sales still need some work, and it appears the company’s strategy is to put its biggest guns on its biggest problems.
News
Tesla upgrades Model 3 and Model Y in China, hikes price for long-range sedan
Tesla’s long-range Model 3 now comes with a higher CLTC-rated range of 753 km (468 miles).

Tesla has rolled out a series of quiet upgrades to its Model 3 and Model Y in China, enhancing range and performance for long-range variants. The updates come with a price hike for the Model 3 Long Range All-Wheel Drive, which now costs RMB 285,500 (about $39,300), up RMB 10,000 ($1,400) from the previous price.
Model 3 gets acceleration boost, extended range
Tesla’s long-range Model 3 now comes with a higher CLTC-rated range of 753 km (468 miles), up from 713 km (443 miles), and a faster 0–100 km/h acceleration time of 3.8 seconds, down from 4.4 seconds. These changes suggest that Tesla has bundled the previously optional Acceleration Boost for the Model 3, once priced at RMB 14,100 ($1,968), as a standard feature.
Delivery wait times for the long-range Model 3 have also been shortened, from 3–5 weeks to just 1–3 weeks, as per CNEV Post. No changes were made to the entry-level RWD or Performance versions, which retain their RMB 235,500 and RMB 339,500 price points, respectively. Wait times for those trims also remain at 1–3 weeks and 8–10 weeks.
Model Y range increases, pricing holds steady
The Model Y Long Range has also seen its CLTC-rated range increase from 719 km (447 miles) to 750 km (466 miles), though its price remains unchanged at RMB 313,500 ($43,759). The model maintains a 0–100 km/h time of 4.3 seconds.
Tesla also updated delivery times for the Model Y lineup. The Long Range variant now shows a wait time of 1–3 weeks, an improvement from the previous 3–5 weeks. The entry-level RWD version maintained its starting price of RMB 263,500, though its delivery window is now shorter at 2–4 weeks.
Tesla continues to offer several purchase incentives in China, including an RMB 8,000 discount for select paint options, an RMB 8,000 insurance subsidy, and five years of interest-free financing for eligible variants.
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